Lafarge looks to sell minority stake in Malaysian interest
Lafarge has decided to explore the potential sale of a minority interest of up to 11.2% in Lafarge Malayan Cement Berhad (LMCB). Lafarge presently holds 62.2% shareholding in LMCB via its subsidiaries, Lafarge Cement UK PLC and Associated International Cement Ltd. Lafarge would remain the majority shareholder, with a minimum 51% shareholding and management control of LMCB. This transaction would contribute to Lafarge’s divestment programme for year 2010.
